RSIIX Fees and Costs — RiverPark Strategic Income, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 1.00%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $38K in broker commissions, 0.0091% of average net assets, and portfolio turnover was 100%.
RSIIX Fees and Expenses
Annual operating expenses and sales charges of RSIIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RSIIX Costs Over Time
On $10,000 invested in RSIIX, assuming 5% a year before costs, total costs come to $631 over 5 years, cutting the return by 1.06% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $631 |
| Value after costs | $10,394 | $11,229 | $12,132 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
RSIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0091%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 100%
- Securities lending: none during the year
RSIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $19K | 49.85% |
| RAYMOND JAMES & ASSOCIATES, INC. | $15K | 40.33% |
| PERSHING LLC | $3K | 7.02% |
| NATIONAL FINANCIAL SERVICES LLC | $640 | 1.69% |
| MARKET AXESS INC. | $200 | 0.53% |
| BOFA SECURITIES INC. | $100 | 0.26% |
| CANTOR FITZGERALD & CO. | $49 | 0.13% |
| JONES\TRADING INSTITUTIONAL SERVICES LLC | $41 | 0.11% |
| STONEX FINANCIAL INC. | $29 | 0.08% |
RSIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES INC. | $238.0M | 22.89% |
| J.P. MORGAN SECURITIES LLC | $162.2M | 15.60% |
| GOLDMAN SACHS & CO. LLC | $148.1M | 14.25% |
| WELLS FARGO SECURITIES, LLC | $118.0M | 11.35% |
| PERSHING LLC | $91.7M | 8.82% |
| CITIGROUP GLOBAL MARKETS INC. | $71.2M | 6.85% |
| RBC CAPITAL MARKETS, LLC | $58.6M | 5.63% |
| PARETO SECURITIES INC. | $55.0M | 5.29% |
| JEFFERIES LLC | $53.7M | 5.16% |
| MORGAN STANLEY & CO. LLC | $43.3M | 4.17% |
RiverPark Strategic Income Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RSIIX | Institutional Class | 1.00% | — |
| RSIVX | Retail Class | 1.25% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.